Torum, the Swiss Army Knife of the Crypto Ecosystem – Sponsored Bitcoin News

sponsored If you ever wondered why crypto projects rise and fall so quickly, you are not alone. In fact, barely 7 months after the 2017 bull run ended, over 800 projects have ceased to exist like a puff of smoke. To understand the reason why 90% of crypto startups are going to fail, there are a couple of factors that need to be considered, including shortage of funds, over-reliance on hype, and immature business model. Nevertheless, without projects paving the Read more …

World Wide Web Inventor Tim Berners-Lee Sells NFT for $5.4M — ‘Embarrassing’ Coding Error Spotted in NFT – Blockchain Bitcoin News

Sir Timothy John Berners-Lee, the English computer scientist who is well known for inventing the world wide web has sold a non-fungible token (NFT) in an online auction hosted by the auction house Sotheby’s. The NFT is basically a video of the World Wide Web’s source code created in Python and the collectible sold for $5.4 million. Tim Berners-Lee and Sotheby’s Auction NFT for $5.4 Million This week, Sotheby’s revealed that Tim Berners-Lee sold an NFT of the original source Read more …

VeChain Announces National eNFT Adoption, Will VET Benefit

The VeChain Foundation and DNV Assurance have partnered with the Republic of San Marino to issue Digital COVID-19 vaccination certificates. Approved via a law on June 16th, this solution will provide its citizens with a digital certificate “in line with the European Union standards”. The certificates will be issued via Enterprise Non-Fungible Tokens (eNFTs), a type of digital asset based on the blockchain VeChainThor. The eNFTs have designed with the purpose of leveraging blockchain technology to impact everyday life and Read more …

Bitcoin Enters Geopolitics – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Dilution-proof, July 1, 2021 Cycling On-Chain is a monthly series that uses on-chain and price-related data to better understand recent market movements and estimate where we are in bitcoin’s larger market cycle. After providing a broader look back and forward in the previous edition, we’ll now look at Bitcoin’s on-chain data through the lens of June’s two most impactful events that introduced Bitcoin to the geopolitical stage: China cracking down against Bitcoin while El Salvador accepts it as legal tender. Read more …

The Next 6 Months Will Make Or Break Famed Bitcoin Model

The next 6 months will make or break S2F, the most famous Bitcoin model, says PlanB who popularized the method. The Stock-To-Flow Model The S2F model is a simple method used to predict asset prices. PlanB first posted a chart for Bitcoin based on the technique back in 2019. Here is new chart based on the S2F method for Bitcoin’s current price prediction, posted by PlanB on Twitter: BTC’s S2F model | Source: PlanB The trend predicted by S2F is Read more …

Debating The Nature Of Bitcoin

Watch This Episode On YouTube Listen To This Episode: Karim Helmy of Galaxy Digital joined the “Bitcoin Magazine Podcast” to discuss one of the most interesting and deep conversations in Bitcoin: What is its nature? Helmy has a rich history studying the Bitcoin blockchain and is an expert on bitcoin mining in particular. Host Christian Keroles has very strong views on what Bitcoin is and some of them are counter to what Helmy believes. Rather than debating over Twitter, Keroles Read more …

George Soros’ Investment Fund Is Reportedly Trading Bitcoin Products – Finance Bitcoin News

The Hungarian-born American billionaire investor George Soros’ investment fund is actively trading bitcoin investment products, according to reports. Undisclosed sources reveal that bitcoin trading got the green light from the Soros Fund Management chief investment officer (CIO) Dawn Fitzpatrick. Soros Fund Management Reportedly Has ‘Greenlight’ to Trade Bitcoin At the end of March, Bitcoin.com News reported on George Soros’ investment fund and the company’s CIO Dawn Fitzpatrick. At the time, Fitzpatrick said that central bank digital currencies (CBDCs) are a Read more …

Free TON DeFi Alliance announces 15M TON Yield Farming Program

Total Locked Value (TLV) of 10M was reached in the first 4 hours of the farming program. Free TON, a community-driven blockchain with decentralized governance, has announced its 15M TON Yield Farming program will take place on TON Swap (Free TON’s DEX is powered by Broxus). In addition, the WTON-USDT pair will be hosted both on Uniswap and TON Swap. Today, June 29, the first stage of farming begins, with the second stage expected to start by the end of Read more …

Robinhood Fined $70M For Causing “Significant Harm” To Customers

Robinhood has been fined by FINRA and the finance company will have to pay roughly $70 million in penalties. The company was fined for causing what was described as “widespread and significant” harm to customers. FINRA announced that it had fined Robinhood $57 million. And ordered the company to pay $12.6 million in damages to customers, plus interest. Bringing the total amount to roughly $13 million to be paid in damages. This penalty is the largest penalty ever ordered by Read more …

Hut 8 Buys 11,090 Bitcoin Miners

Hut 8 Mining Corporation has announced a $44 million purchase of 11,090 WhatsMiner MicroBT M30S, M30S+ and M31S bitcoin mining rigs from Hong Kong-based company SuperAcme Technology. The purchase complements an earlier one of 863 M30S+ and M30S miners, which Hut 8 expects to be delivered and deployed this month. However, the latest batch of machines won’t be delivered until October, with full deployment expected to be completed by December 2021. Hut 8 plans to employ the almost 12,000 rigs Read more …

Strike In App Bitcoin Buying

Lightning Network payments platform Strike, which recently made headlines as the primary partner in El Salvador’s decision to declare bitcoin as legal tender, has announced it is adding a bitcoin buying tab to its app with a goal of minimizing the fees typically collected on these buys. “I am unbelievably excited to announce the Bitcoin tab and the ability to buy bitcoin on Strike,” company founder Jack Mallers wrote in an announcement post shared with Bitcoin Magazine. “Starting today, Strike Read more …

Centre to Expand USDC to Ten More Blockchains; Launches on Tron – Bitcoin News

Centre, the consortium behind the issuance of USD Coin (USDC), announced it will launch the popular asset on 10 more blockchains. This would expand the reach of USDC to other environments and could make it more popular as a commercial and staking currency. While Centre made the announcement only recently, USDC surprisingly launched on Tron today. Centre Launches Multichain USDC Initiative Centre, the consortium behind USDC, the second biggest stablecoin by market share, announced an initiative to take Read more …